Retirement plan

TSG FINISHING, LLC 401(K) PLAN

Name: TSG FINISHING, LLC - TSG FINISHING, LLC 401(K) PLAN (2020) Form 5500
Creator: TSG FINISHING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TSG FINISHING, LLC 401(K) PLAN, TSG FINISHING, LLC

TSG FINISHING, LLCEIN 45-1980175Plan #003PY 2020

7 N WATERLOO RD., PO BOX 897 - DEVON, PA 19333215-628-2000

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5M

+13.1% from 2019

Total participants

150

-15.3% from 2019

Average account balance

$35,245

+25.9% from 2019

Annual return

14.87%

-7.47 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.37M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$46K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

118

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$194K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$17

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
DAVIDSON HOLLAND WHITESELL CO PLLC3 years Filed as: DAVIDSON, HOLLAND, WHITESE & CO. Service code 10 · EIN 56-1706742	Accounting	$10,000
LINCOLN NATIONAL CORPORATION5 years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 55 · EIN 04-3523567	Other Commissions	$0
LINCOLN NATIONAL CORPORATION6+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP. Service code 55 · EIN 04-3523567	Other Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$95 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.228%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVIDSON, HOLLAND, WHITESELL & CO.
Auditor EIN: 561706742
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,245

$54,590-35.4%

$81,726-56.9%

$73,497-52.0%

Participation rate

92.4%

68.3%+24.1pp

72.0%+20.4pp

70.7%+21.8pp

Annual return

14.87%

17.74%-2.9pp

29.49%-14.6pp

28.51%-13.6pp

Employer contribution / active EE

$243

$1,636-85.1%

$4,311-94.4%

$2,270-89.3%

Participant deferral / active EE

$1,277

$2,759-53.7%

$7,108-82.0%

$3,740-65.9%

Admin fee / account holder

$80

$592-86.4%

$5,160-98.4%

$513-84.3%

Provider

Service type

Compensation

DAVIDSON HOLLAND WHITESELL CO PLLC3 years

Filed as: DAVIDSON, HOLLAND, WHITESE & CO.

Service code 10 · EIN 56-1706742

Accounting

$10,000

LINCOLN NATIONAL CORPORATION5 years

Filed as: LINCOLN FINANCIAL ADVISORS CORP

Service code 55 · EIN 04-3523567

Other Commissions

LINCOLN NATIONAL CORPORATION6+ years

Filed as: LINCOLN FINANCIAL ADVISORS CORP.

Service code 55 · EIN 04-3523567

Other Commissions

TSG FINISHING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TSG FINISHING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion